Davidson Capital Management Inc. Has $4.13 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Davidson Capital Management Inc. boosted its holdings in Fiserv, Inc. (NYSE:FI) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,103 shares of the business services provider’s stock after acquiring an additional 106 shares during the quarter. Fiserv makes up approximately 1.1% of Davidson Capital Management Inc.’s holdings, making the stock its 13th biggest holding. Davidson Capital Management Inc.’s holdings in Fiserv were worth $4,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ritholtz Wealth Management increased its holdings in shares of Fiserv by 16.1% during the third quarter. Ritholtz Wealth Management now owns 4,112 shares of the business services provider’s stock worth $739,000 after buying an additional 569 shares in the last quarter. Carnegie Investment Counsel grew its position in Fiserv by 5.8% during the 3rd quarter. Carnegie Investment Counsel now owns 2,044 shares of the business services provider’s stock worth $367,000 after acquiring an additional 112 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Fiserv in the 3rd quarter worth about $142,000. Sapient Capital LLC bought a new position in Fiserv in the third quarter valued at about $1,294,000. Finally, CX Institutional raised its position in Fiserv by 16.4% in the third quarter. CX Institutional now owns 56,440 shares of the business services provider’s stock valued at $10,139,000 after purchasing an additional 7,943 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays boosted their price target on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group raised their price target on shares of Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Tigress Financial increased their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $239.83.

Fiserv Stock Down 0.3 %

Shares of NYSE FI opened at $229.97 on Wednesday. Fiserv, Inc. has a 12-month low of $142.47 and a 12-month high of $233.26. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a market cap of $130.84 billion, a PE ratio of 42.67, a P/E/G ratio of 1.52 and a beta of 0.94. The company’s fifty day simple moving average is $209.25 and its 200 day simple moving average is $194.28.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.22 earnings per share for the current fiscal year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.